Digital asset spot trading volume hit 19-month high in January
CCData's data shows that the January spot trading volume of digital assets hit a 19-month high, approaching $1.4 trillion, but still lower than the monthly average during the 2021 cryptocurrency bull market. Wintermute co-founder Evgeny Gaevoy, a market maker, said, "We expect our trading volume to reach 2021 levels by the end of the year, especially for Bitcoin. If everything reaches the level of madness in 2021, we will need to raise hundreds of millions of dollars in trading capital."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Daily: Dogecoin investors drop class-action lawsuit against Elon Musk, Michael Saylor plans $100K bitcoin party and more
Dogecoin investors have dropped their class-action lawsuit against Elon Musk, which accused him of manipulating the price of DOGE during its 2021 surge from less than $0.10 to around $0.70.JPMorgan analysts anticipate positive regulatory changes for crypto under President-elect Donald Trump, with clearer frameworks likely to benefit the industry.President-elect Donald Trump nominated bitcoin advocate Robert F. Kennedy Jr. for U.S. Secretary of Health and Human Services on Thursday.The following article is
Matrixport Included Developments That Will Affect Bitcoin in December in Its Weekly Report! Here Are the Details
Matrixport's latest weekly report highlights a number of positive factors that have underpinned Bitcoin's recent strong performance.
Trump's Inflow Wave Has Ended! Spot Bitcoin and Ethereum ETFs Experience First Outflows Since Election!
It ended a wave of inflows and outflows in spot Bitcoin and Ethereum ETFs that has been ongoing since Donald Trump was elected president on November 5.
The Scoop: Anti-crypto bias may have cost Democrats the election
A growing base of single-issue crypto voters have become frustrated by Democrats’ general opposition to the industry.This column is adapted from The Scoop newsletter.
Trending news
MoreCrypto prices
More
